Happy Learny

Going to Bengaluru ✈️ @Tally Solution pvt Ltd a new Release of Tally Prime 6.0 is coming Soon. Will be happy 😊 to share some Interesting Features with you Also.

Dear Subscribers, TallyPrime Release 5.0 is now available for download. You can start using it right away. Do share about this release update amongst all your Accounts Couligue Download now: https://tallysolutions.com/download/

There will be some new Option Under Exchange Menu in Tally Prime and you Can Easily File Your GST Return as well as download GST Data From that Button with a single click. Live a Heart ❤️ if You Like this Features demo video will be out soon

🎉 We're excited to share some brief updates about the upcoming Tally Release 5.0! These updates are both wonderful and easy to use. This is just a sneak peek 👀; for a complete demo of the new features, be sure to subscribe to Happy Learny on YouTube. 📽️ The full demo video will be released soon on our YouTube channel. Don't miss it! ✨ Stay tuned for great updates from Tally Solutions! 👋 See you in the demo video!

There is Huge Changes in Upcoming Tally Release 5.0 beta version will be Release Soon Sharing Some Updates to all of you as soon as possible

File Your Income Tax Return Before It's Too Late! ⏳ Time is Running Out! 💼📆

I am so exited 🤩 to announce that I have been Nominated as Tech Transformer For Tally MSME Honours Award 🎖 2024.

My Tally Prime Mastery Course of Approx. 17 Hours & With 80 Fantastic Chapters is now Live Absolutely Free on YouTube Click the Link Below to Start Watching This Fantastic Course Free From Scrap https://youtu.be/hkS0IeBkpQc

Try to Guess What it Will Be ?

Really, It's a big Surprise For All of You & You Didn't Even Expect This Well, brace yourself because it's already on its way to you and will be reaching you as soon as possible. Stay tuned and keep your eyes peeled for it!🎉🎉

Are you excited to be the first to know about Tally Prime 5.0? Stay ahead of the curve by hitting the subscribe and follow buttons now! Get Very First exclusive updates only on our channel and Pages. #tally #tallynewrelease #tallynewfeatures #tallyupdates #tallyupdate #tallyfeatures

🌙 Eid Mubarak to all my beloved YouTube subscribers and Instagram followers! 🌟 May this auspicious occasion fill your hearts with joy, peace, and endless blessings. As we celebrate the spirit of Eid, let's remember to spread love, kindness, and compassion to everyone around us. #EidMubarak #Eid2024 #Blessings #Joy #Peace #Happiness #Success #Positivity #Love #Kindness #Compassion #Believe #DreamBig #StayPositive #CherishMoments #FamilyTime #HappyEid #AfzalHusain #HappyLearny 🌙✨

🌙 Eid Mubarak to all my beloved YouTube subscribers and Instagram followers! 🌟 May this auspicious occasion fill your hearts with joy, peace, and endless blessings. As we celebrate the spirit of Eid, let's remember to spread love, kindness, and compassion to everyone around us. #EidMubarak #Eid2024 #Blessings #Joy #Peace #Happiness #Success #Positivity #Love #Kindness #Compassion #Believe #DreamBig #StayPositive #CherishMoments #FamilyTime #HappyEid #AfzalHusain #HappyLearny 🌙✨

*Basic checklist for 31st March, 2024.* *Income Tax:* 1. Make necessary investments eligible for deductions thereby reducing taxable income for FY 2023-24 and ultimately save tax. (Eg: PPF, LIC, ELSS Mutual Funds, Health Insurance, etc..). 2. Calculate tax liability and pay necessary advance tax. 3. Last chance to file updated income tax return for FY 20-21 by paying 50% additional tax. 4. Last chance to file updated income tax return for FY 21-22 by paying only 25% additional tax; thereafter, it would increase to 50% additional tax. 5. Ensure 43B(h) compliance which deals with timely payment to Micro and Small Enterprises. Such payments have to be made within 45days/15 days as applicable. 6. If turnover for FY 2023-24 exceeds Rs. 10 Crores, then, TDS provisions under section 194Q, TCS provisions under section 206C(1H) will become applicable for FY 2024-25. 7. Obtain declarations from transporters for non-deduction of TDS under section 194C. 8. Reconcile and/or account for the TDS and TCS credit in books of accounts. *Goods and Services Tax:* 1. File Letter of Undertaking (LUT) for FY 2024-25. LUT has to be filed if you make exports of goods/services or supplies to SEZ units/developers without payment of IGST. 2. Application to opt for composition scheme for FY 2024-25. 3. GTA services providers need to file a declaration for opting to pay tax under forward charge mechanism for FY 2024-25. Recipient are recommended to obtain and maintain a record of such declaration from GTA to justify non-payment of tax under reverse charge mechanism. 4. If turnover for FY 2023-24 has exceeded Rs. 5 Crores for the first time since inception of GST, then, generate and issue E-Invoice for supplies from 01st April, 2024. 5. If payments to creditors are due for more than 180 days, then, reverse the input tax credit availed on such transactions. 6. Start new invoice series from 01st April, 2024, unique for FY 2024-25. 7. Reconcile the data filed in GST returns with books of accounts and pass necessary entries, if any. (Eg: Reconcile the turnover, Match balance in Electronic Credit/Cash Ledger with books of accounts, make necessary adjustment to ITC available in books but not appeared in GSTR-2B, reverse the excess ITC claimed, if any, discharge the RCM liability if any, missed during the year, etc…) 8. Reconcile and/or account for the GST-TDS and GST-TCS credit in books of accounts. *Others:* 1. Make necessary year end provisions. Also, account for depreciation, amortization. 2. Verify closing stock, cash balance, bank balance, inter branch balance. 3. Collect FD statements from bank and account interest income. 4. Double check the statutory compliances on all the transactions. (Eg: TDS, TCS, RCM) 5. Account for foreign exchange fluctuations. 6. Balance Confirmation with third parties. *P.S.:* 1. The post is neither an opinion nor an advice in any manner. 2. This is a general, inclusive list and not exhaustive. Regards Afzal Husain Happy Learny

Exciting news! Our Tally Prime Beginner Course is officially live on our website! 🎉 Dive into a unique learning experience unlike any other, entirely centered on real-life accounting techniques. Don't miss out! Enroll now and embark on your journey to mastering Tally Prime. Have questions? Reach out to us via WhatsApp at 9649812524. Join Link Here - https://www.entertheclass.com/courses/Tally-Prime-Beginner-65e3187e603f6e1339a64502